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Graphex Group Reports Downturn in 2023 Financials

Graphex Group Reports Downturn in 2023 Financials

Graphex Group Limited Sponsored ADR (GRFX) has released an update.

Graphex Group Limited has reported its consolidated financial results for the year ended December 31, 2023, revealing a drop in revenue by 14% and an increased loss before tax of 59% compared to the previous year. The company’s overall performance showed a downturn with key segments like graphene products and landscape architecture experiencing declines in revenue, while the catering segment ceased operations entirely.

For further insights into GRFX stock, check out TipRanks’ Stock Analysis page.

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